Sears Holdings Corp.is adding a restructuring expert to its board, suggesting the ailing retailer may be preparing to take significant actions to survive or to protect its remaining assets.

Both Lampert and the Sears special committee now accept that only a court-supervised process can determine the company's future, one of the sources said.

Sears shares were down 31 per cent at 40.5 cents in afternoon trading in NY, giving the company a market capitalization of $40 million. But if Sears is now in touch with banks to secure the financing needed for a bankruptcy filing, as CNBC reported Wednesday morning, that could send the surest signal that such a move may not be so far off.

"I don't think it is an immediate drive to bankruptcy, but clearly the options are limited", said David Tawil, president and co-founder of Maglan Capital, which follows distressed companies.

The announcement was made as Sears, led by CEO and Chairman Eddie Lampert, is nearing a key debt repayment in less than a week.

In May, shares got a short-lived boost following news that Sears was partnering with Amazon to provide automotive services to Amazon customers at Sears locations, as Business Insider reported. While the SPDR S&P Retail ETF (XRT) is up 6.5% year to date, and fellow department stores like Macy's (M), Kohl's (KSS), and Nordstrom (JWN) have climbed more than 30% since the start of the year, Sears has lagged-and how. Lampert had told the special committee he would not help the company fund that obligation unless it agreed to his plan, the sources said. Brand added that he had significantly cut down on his Sears bond holdings earlier this year amid concerns from his clients. When Toys "R" Us, the largest specialty toy retailer, filed for bankruptcy protection last September, it sought to emerge from it after restructuring its debt and shutting stores. Sears' borrowings totaled $5 billion as of August 4.

The Hoffman Estates, Illinois-based retailer has posted seven straight years of losses, while its sales have not grown since the 2008 financial crisis.

Mr. Lampert, a billionaire hedge-fund manager, has been publicly calling on the board to sell off the Kenmore appliance business and other units, which he has offered to purchase, and to restructure Sears's roughly $5.5 billion in debt.

The UAE has made the most remarkable ascent on the Henley Passport Index , from 62nd place in 2006 to 21st place worldwide now . As a result, while SA is ranked at 52, there are actually 95 countries with stronger-rated passports on the index.

Tropical Storm force winds are very possible along a large portion of the viewing area, with hurricane force winds also possible. Rick Scott called Michael a "monstrous hurricane" with devastating potential from high winds, storm surge and heavy rains.

While their chances in the House are still seen as good, Republicans are feeling better about the upper chamber. The party that holds the White House typically loses seats in midterm congressional elections.

The Apple Watch features edge-to-edge display and comes with support to track heartbeat data, heart rhythm and notify users. Apple hasn't issued a official statement on the issue, but we are expecting a fix to be issued soon.

The climate change is real and it is illustrated by the heat wave conditions spreading like a plague in India and Pakistan. The report also notes that "any remaining emissions would need to be balanced by removing Carbon dioxide from the air".

No", she added. "You gather your strength and you take it to where it has to go, and you will make people uncomfortable. The climactic 50-48 roll call vote Saturday on Kavanaugh was the closest vote to confirm a justice since 1881.

Another policy up for discussion is a declaration committing to putting mental health on an equal footing with physical health. The Duke and Duchess had a chance to speak to young delegates at the summit about the challenges and issues they face.

India had planned to import about 25 MT of crude oil from Iran in 2018-19, up from 22.6 MT imported in 2017-18. Paying in rupee is an option. "Even without sanctions also, Iran had been accepting payments in rupee".

Sydney retreated more than one percent, Singapore eased 0.5 percent, Seoul was 0.2 percent lower and Taipei gave up 0.8 percent. The 30-year Treasury bond reached a four-year high of 3.424 percent, and was at 3.4054 percent at the US close on Friday.

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